Methode designs and manufactures custom mechatronic components for automotive, industrial, and commercial markets. The company specializes in two primary areas: power distribution solutions and user interface components. Its power products include busbars, battery disconnect units, and high-voltage cabling used to manage electricity in electric vehicles and data centers. Its interface products include LED lighting, sensors, and touch panels for vehicles and industrial equipment. Methode operates through two main segments, Industrial and Automotive, and is currently winding down a smaller Interface segment. The Industrial segment is the company's primary growth engine, focusing on power assemblies for data center builders and aerospace customers. The Automotive segment supplies electronic devices to vehicle manufacturers across all powertrain types. Methode’s business model relies on engineering custom-to-order parts for original equipment manufacturers. These programs are typically long-term, lasting the life of a vehicle or equipment cycle, which creates a sticky relationship with customers. The company is currently executing a strategy to focus on power solutions for high-growth secular markets while divesting non-core businesses. Manufacturing occurs globally, with major operations in Mexico, Egypt, and China.
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